Pixdeluxe | E+ | Getty Images Retirement savers who withdrew money from their accounts in the early days of the Covid-19 pandemic may have just days or weeks left to repay those funds and reap the tax benefits. The CARES Act — a federal relief law passed in March 2020 — allowed savers to pull
A software and robotics machine called mGripAI from Massachusetts-based Soft Robotics sorts artifical pieces of chicken into trays for packaging at an automation conference held by the Association for Advancing Automation in Detroit. Michael Wayland / CNBC DETROIT — The automotive and logistics industries are no strangers to robots. They’re among the most heavily invested
A Mastercard debit card from U.K. digital bank Monzo. Monzo Monzo on Wednesday said it hit profitability for the first time this year, in a major milestone for one of the U.K.’s most prominent digital banks. In its annual report for the year ending February 2023, Monzo reported net operating income of £214.5 million ($266.1
A waiter works at a restaurant in Alexandria, Virginia, on June 3, 2022. Olivier Douliery | AFP | Getty Images The U.S. payrolls report for May blew past expectations, supported by strong jobs gains in the professional and business services sector — as well as a jump in government employment. Professional and business services led
Geber86 | E+ | Getty Images There are plenty of risks for retirees — and those risks may compound by the rising cost of health care in retirement. While the cost of medical care has recently fallen, it’s still nearly 30% higher than a decade ago, according to data from the U.S. Bureau of Labor
As you make important decisions that affect your retirement, one key step will be to closely examine your retirement beliefs and assumptions. Doing so can help you avoid making serious mistakes and put you on the right path for making more effective decisions. People’s beliefs and assumptions about retirement are often based on examples of
Pop superstar Taylor Swift, who is currently on her Eras Tour, has been making headlines for her sold-out stadiums and astronomically high ticket prices. It’s said she could rake in up to $1.5 billion from the tour alone. It comes as no surprise, then, that the pop star’s former home on Cornelia Street in New
Worker labors on a production line at the factory of Qilu Pharmaceutical in Haikou, Hainan province of China, February 11, 2022. Su Bikun | VCG | Getty Images The U.S. Food and Drug Administration has authorized the temporary importation of an unapproved chemotherapy drug from China in effort to ease an acute shortage of cancer
In this article CHWY Follow your favorite stocksCREATE FREE ACCOUNT A dog sits in front of the New York Stock Exchange during Chewy Inc.’s initial public offering, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Shares of Chewy surged more than 13% in extended trading Wednesday after the pet retailer posted earnings that
In this article AMZN TMUS VZ T DELL S LULU DD FIVE ZS MDB IOT PD FGEN DNA AVGO Follow your favorite stocksCREATE FREE ACCOUNT A boarded up T-Mobile location in New York, after looting occurred the previous night, June 2, 2020. Dan Magan | CNBC Check out the companies making headlines in midday trading.
In this article AI Follow your favorite stocksCREATE FREE ACCOUNT Tom Siebel has been riding the artificial intelligence wave. Three years after selling his prior software company, Siebel Systems, to Oracle for nearly $6 billion in 2006, he started C3.ai, a provider of AI solutions to businesses. That company, which went public in 2020, now
baona | Getty Images The rate of inflation has shown signs of easing, following the highest spike in four decades. Yet the shock of rising prices continues to have an impact on consumers’ psyches. “The typical U.S. consumer is looking at the gas station or their grocery store and seeing prices elevated and not coming
Spousal benefits are probably the most misunderstood Social Security benefit. Ex-spousal benefits may seem even more convoluted. To keep things simple, ex-spousal benefits are basically the same as current spousal benefits with certain exceptions. There are two categories of divorced spouses. If you are divorced two years or less, your ex-spouse must be receiving their
If you are an American taxpayer who lives and works out of the U.S., you have about two more weeks to file your 2022 federal income tax return. Those taxpayers, including U.S. citizens and residents abroad, face a due date of Thursday, June 15. June 15 Deadline The June 15 filing deadline applies to taxpayers
Architect Eric Strain’s elemental three-box residential design―placed on the unforgiving Mojave Desert floor near Las Vegas―is reminiscent of a Zen retreat that’s at once urbane and contemplative. “It’s a journey around and through these three boxes, both inside and outside,” says Strain, whose 2011 design is located in Summerlin’s 800-acre Ridges community comprised of a
West Coast ports are shutting down as union workers “no show” after a breakdown in negotiations with port management. The Port of Oakland was shut down Friday morning due to insufficient labor for terminal operations, a stoppage that is expected to last at least through Saturday. A source close to the situation told CNBC the
In this article CRWD Follow your favorite stocksCREATE FREE ACCOUNT George Kurtz, chief executive officer of CrowdStrike Patrick T. Fallon | Bloomberg | Getty Images CrowdStrike reported first-quarter earnings results for its fiscal 2024 year Wednesday, beating consensus estimates on the top and bottom lines but sending shares down more than 11% after hours on
Rep. Patrick McHenry, a Republican of North Carolina and ranking member of the House Financial Services Committee, speaks during a hearing in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Republican lawmakers released a draft bill on Friday that would provide crypto assets and exchanges a clearer regulatory plan, allowing digital assets to be
In this article CSG.N-CH UBSG-CH Follow your favorite stocksCREATE FREE ACCOUNT With its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks. UBS is no stranger to blockbuster mergers. The modern company is comprised of over 370 legacy firms, including former domestic rivals. Amid major wars, Switzerland has remained
Graduates of Baruch College participate in a commencement ceremony at Barclays Center in Brooklyn, New York, June 5, 2017. Bebeto Matthews | AP In the days ahead, 125,000 graduating high school seniors will receive automatic acceptance letters from the State University of New York, Gov. Kathy Hochul announced Thursday. “Access to quality higher education is